Chapter 04 Analyzing Investing Activities Multiple Choice Questions 1. Which of the following would rarely be classified as a current asset? A. Prepaid insurance B. Goodwill C. Marketable Securities D. Work-in-progress 2. Which of the following would not be classified as a current asset? A. Inventory B. Accounts payable C. Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is
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Robert T. Kiyosaki focuses on the different life decisions that determine or contribute to a person’s future in hopes that people will realize that they could turn their life around if they really were determined to do so. In chapter one‚ Mike and Robert Kiyosaki feel like outcasts `because they go to an elementary school full of rich students where they seem to be the only ones who are poor and it hurt them but “that hurt was good‚ because it inspired us to keep thinking of a way to make money”
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Chapter 19 BALANCED SCORECARD: quality‚ time‚ and the theory of constraints 19-1 Quality costs (including the opportunity cost of lost sales because of poor quality) can be as much as 10% to 20% of sales revenues of many organizations. Quality-improvement programs can result in substantial cost savings and higher revenues and market share from increased customer satisfaction. 19-2 Quality of design refers to how closely the characteristics of a product or service meet the needs and wants of
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Exercise 2-1 (10 minutes) 1. The wages of employees who build the sailboats: direct labor cost. 2. The cost of advertising in the local newspapers: marketing and selling cost. 3. The cost of an aluminum mast installed in a sailboat: direct materials cost. 4. The wages of the assembly shop’s supervisor: manufacturing overhead cost. 5. Rent on the boathouse: a combination of manufacturing overhead‚ administrative‚ and marketing and selling cost. The rent would most likely be prorated
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Chapter 16 Outline part 1 The federal government in 1865 faced unprecedented questions: how could the Union be restored and the defeated south reintegrate into the nation? Would the Confederate states be treated as conquered territories? Who would set the standards for readmission- Congress or the president? Most important what would happen to the 3.5 million former slaves? Reconstruction Politics (1865-1868) National politics produced new constitutional amendments‚ a presidential impeachment‚ and
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Mana Sura 1. How & why did the economic & social values of white Americans clash with those of Native Americans in the West? - Initially‚ the white Americans allocated the Great Plains terrain to the Native Americans‚ as they deemed it useless. The Indians relied very heavily on nature‚ especially the buffalo‚ which they used all parts of for various reason‚ like food‚ clothing‚ and weaponry. When Americans and immigrants needed to move west near California and Oregon‚ they realized that
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1. The fundamental ideas associated with the mercantile theory were: that everything was to benefit the mother country‚ each nation was trying to achieve self-sufficiency‚ colonies and agriculture would improve economy and raw materials‚ and the country must benefit at the expense of others. For the most part‚ these ideas along with a few other minor pieces helped European nations to conquer much of the New and old world. Great Britain was the most successful with a vast overseas empire through North
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CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES 2-20 (15–20 min.) Classification of costs‚ manufacturing sector. Cost object: Type of car assembled (Corolla or Geo Prism) Cost variability: With respect to changes in the number of cars assembled There may be some debate over classifications of individual items‚ especially with regard to cost variability. |Cost Item |D or I |V or F | |A
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Chapter 15 Entities Overview SOLUTIONS MANUAL Discussion Questions 1. [LO 1] What are the more common legal entities used for operating a business? How are these entities treated similarly and differently for state law purposes? Answer: Corporations‚ limited liability companies (LLCs)‚ general and limited partnerships‚ and sole proprietorships. These entities differ in terms of the formalities that must be observed to create them‚ the legal rights and responsibilities conferred on
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E20-7 Rydell Corp Memo Record Items Annual Pension Expense Cash OCI—Prior Service Cost Pension Asset/Liability Projected Benefit Obligation Plan Assets Balance‚ Jan. 1‚ 2012 13‚800 cr 560‚000 cr 546‚200 dr Prior service cost 120‚000 dr 120‚000 cr New Balance‚ January 1‚ 2012 680‚000 cr 546‚200 dr Service cost 58‚000 dr 58‚000 cr Interest Cost $680‚000 x 9% = $61‚200 61‚200 dr 61‚200 cr Actual return 52‚280 cr 52‚280 dr Unexpected
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